RTS Realtime Systems, an independent software vendor, has announced the integration of the foreign exchange market platform FXMarketSpace into the RTS trading applications.
With the addition of FXMarketSpace, a 50/50 joint venture between Reuters and CME Group (CME), RTS provides clients access to the global foreign exchange over-the-counter (OTC) markets through the RTD product suite. RTS customers have already deployed the RTD API and the algorithmic trading solution, RTD Tango, in the live market.
FXMarketSpace is the centrally cleared, global foreign exchange platform for the OTC market. Unlike most of the interbank or multi-bank platforms, every party connected to the platform gets access to the same prices, and can hit all prices.
Mark Robson, chief executive officer of FXMarketSpace, said: Working with RTS allows us to connect to an increasing number of new market participants. These customers demand equal access to best price, total anonymity and a high performance environment where the trade matching technology publishes every market price with minimum latency.